Here you retain title (i.e., they do not get a deed), but you have a contract to give them the deed after a certain number of payments are made.

Also, I will need to form a corp for this so I can retain earnings in the business without giving it to uncle sam.

I actually have read the guide but I plan on re reading it to retain the information one more time around.

I have met several, and helped some retain their property due to the illegal actions of the unlicensed brokers.

The amendments permit a lender or secondary market purchaser that discovers, after the loan has closed, that the 3 percent cap was exceeded to retain QM status by refunding the excess amount to the consumer with interest.

If they say they do not have that and it is a corp. buying ask for proof they have a controlling interest and decision making authority with a proof of funds bank statement for the corp.Also you can ask for a small retainer upfront of a few K for instance credited off of closing.

Or could the owner retain existing policy (they still have an underlying lien on the property)

Make sure you retain adequate reserves to get through any foreseeable problem.

I just wanted to add actually in the case mentioned above or in any case where a lender secures a property, with a Deed Of Trust(DOT), after there was a previous DOT, the new lender will make previously recorded DOTs sign a "Subordination Clause" in order to retain the position they are attempting to secure (1st, 2nd, etc.)

I am retaining all of this information.